Mitsubishi Corporation Change in Statuses of MC Subsidiaries
02 April 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8242I
Mitsubishi Corporation
29 March 2024
Translation of report filed
with the Tokyo Stock Exchange on March 2024
March 29,
2024
To Whom It May Concern
|
Company
name
|
Mitsubishi
Corporation
|
|
Representative
|
Katsuya
Nakanishi, President and Chief Executive Officer
|
|
Code
Number
|
8058
|
|
Contact
|
Takuma
Okamoto, Press Relations Team Leader, Corporate
Communications
TEL
+81-3-3210-2171
|
Notification of Change in
Statuses of MC Subsidiaries
This is to inform you that the
statuses of five MC subsidiaries have changed and excluded from
subsidiaries as of today. The subsidiaries in question are Diamond
Realty Investment Ocean Park Co., Ltd. (DRIOP), MCOP Investment
Pte. Ltd. (MCOP), MV2 Vietnam Real Estate Trading Joint Stock
Company (MV2), MV Holding One Member Liability Limited Company
(MVH) and SV Real Estate Investment Development Business Joint
Stock Company (SV).
Reasons for Changes
The status of DRIOP has changed due
to the transfer of stocks based on the Sales and Purchase Agreement
between Mitsubishi Corporation and new shareholders, and the
approval from President and Chief Executive
Officer of DRIOP, on March 29,
2024.
The status of MCOP, in which DRIOP
holds stakes, and the status of MV2, MVH and SV, in which MC
indirectly hold stakes via DRIOP and MC Urban Development Vietnam
Company Limited (MCUDV), has changed on the same date March 29,
2024 due to the transfer of stocks in DRIOP.
Company Profiles
(1) DRIOP (※1)
|
(1)
|
Company
Name
|
Diamond
Realty Investment Ocean Park Co., Ltd.
|
|
(2)
|
Address
|
6-1,
Marunouchi 2-Chome, Chiyoda-ku, Tokyo, Japan
|
|
(3)
|
Representative
|
Jun
SAEKI
|
|
(4)
|
Operations
|
SPC for
Investment in Real Estate Business in Vietnam
|
|
(5)
|
Capital
|
10,650,750,000 JPY
|
|
(6)
|
Date of
Establishment
|
September
22, 2021
|
|
(7)
|
Main
Shareholders and Investment Ratio
|
TAISEI
CORPORATION 33.4%, Hankyu Hanshin Properties Corp.
33.4%,
Tokyu Land
Asia Pte. Ltd. 33.1%, Mitsubishi Corporation 0.1%
|
|
(8)
|
Relationship with the Listed Company
|
Capital
|
DRIOP is a
0.1% owned by MC.
|
|
Personnel
|
One MC
employee currently serves as director and One MC employee currently
serves as auditor at DRIOP.
|
|
Business
|
MC
currently has no business relationship with DRIOP.
|
(※1) DRIOP is not a specified
Subsidiary of MC before and after the transfer.
l Number and
price of shares and status of shares held before and after the
transfer
|
(1) Number
of shares held before the transfer
|
21,301,500,000 shares
(number of
voting rights：21,301,500,000)
(percentage
of voting rights：100%)
|
|
(2) Number
of shares transferred
|
21,280,198,500 shares
(number of
voting rights：21,280,198,500)
(percentage
of voting rights：99.9%)
Total price
of transfer：JPY28,400million
|
|
(3) Number
of shares held after the transfer
|
21,301,500
shares
(number of
voting rights：21,301,500)
(percentage
of voting rights：0.1%)
|
(2) MCOP
|
(1)
|
Company
Name
|
MCOP
Investment Pte. Ltd.
|
|
(2)
|
Address
|
1 Temasek
Avenue #19-00 Millenia Tower Singapore 039192
|
|
(3)
|
Representative
|
Hironori
INOUE
|
|
(4)
|
Operations
|
Real Estate
Business in Vietnam
|
|
(5)
|
Capital
|
183,000,100
USD
|
|
(6)
|
Date of
Establishment
|
September
23, 2021
|
|
(7)
|
Main
Shareholders and Investment Ratio
|
Diamond
Realty Investment Ocean Park Co., Ltd. (DRIOP) 100.00%
|
|
(8)
|
Relationship with the Listed Company
|
Capital
|
MCOP is a
wholly owned subsidiary of DRIOP, of which is 0.1% owned by
MC.
|
|
Personnel
|
Three MC
employees currently serve as directors at MCOP.
|
|
Business
|
MC
currently has no business relationship with MCOP.
|
|
(9)
|
Recent Performance
|
|
from Sep
2021
to Mar 2022
|
from Apr
2022
to
Mar 2023
|
|
(thousand
USD)
Net
assets
Total
assets
Revenue
Operating
profit
Ordinary
profit
Net profit
after tax
Net profit
attributable to MC (※2)
(one
USD)
Net assets
per share
Net profit
per share
Dividend
per share
|
181,780
182,318
0
23
▲1,221
▲1,221
▲1,221
993
▲7
No
dividend
|
180,440
180,551
0
584
▲1,266
▲1,339
▲1,339
986
▲7
No
dividend
|
|
|
|
|
|
| |
(※2) based on
MC's investment ratio in the subject period
(3) MV2
|
(1)
|
Company
Name
|
MV2 Vietnam
Real Estate Trading Joint Stock Company
|
|
(2)
|
Address
|
Tang 2
Trung Tam Thuong Mai Vincom Mega Mall Ocean Park Tai Lo Dat CCTP-10
Thuoc Du An Khu Do Thi Gia Lam, Thi Tran Trau Quy, Huyen Gia Lam,
Thanh Pho Hanoi, Vietnam
|
|
(3)
|
Representative
|
Kazuki
SHIONOYA
|
|
(4)
|
Operations
|
Joint Stock
Company for Real Estate Business in Vietnam
|
|
(5)
|
Capital
|
10,551,497,580,000 VND
|
|
(6)
|
Date of
Establishment
|
October 13,
2021
|
|
(7)
|
Main
Shareholders and Investment Ratio
|
MCOP
Investment Pte. Ltd. 39.08%
MC Urban
Development Vietnam Company Limited 41.09%
|
|
(8)
|
Relationship with the Listed Company
|
Capital
|
MV2 is
41.13% owned subsidiary of MC through MCUDV and MV2.
|
|
Personnel
|
Four MC
employees currently serve as directors at MCOP.
|
|
Business
|
MC
currently has no business relationship with MV2.
|
|
(9)
|
Recent Performance
|
|
from Oct
2021
to Dec 2022
|
from Jan
2023
to Mar 2023
|
|
(million
VND)
Net
assets
Total
assets
Revenue
Operating
profit
Ordinary
profit
Net profit
after tax
Net profit
attributable to MC
(one
VND)
Net assets
per share
Net profit
per share
Dividend
per share
|
9,503,564
9,504,011
0.1
▲386
▲386
▲386
▲159
10,000
▲0.4
No
dividend
|
9,503,342
9,504,035
0.02
▲221
▲221
▲221
▲91
9,999
▲0.2
No
dividend
|
|
|
|
|
|
| |
(4) MVH
|
(1)
|
Company
Name
|
MV Holding
One Member Liability Limited Company
|
|
(2)
|
Address
|
Tang 2
Trung Tam Thuong Mai Vincom Mega Mall Ocean Park Tai Lo Dat CCTP-10
Thuoc Du An Khu Do Thi Gia Lam, Thi Tran Trau Quy, Huyen Gia Lam,
Thanh Pho Hanoi, Vietnam
|
|
(3)
|
Representative
|
Kazuki
SHIONOYA
|
|
(4)
|
Operations
|
Joint Stock
Company for Real Estate Business in Vietnam
|
|
(5)
|
Capital
|
10,551,497,580,000 VND
|
|
(6)
|
Date of
Establishment
|
October 11,
2021
|
|
(7)
|
Main
Shareholders and Investment Ratio
|
MV2 Vietnam
Real Estate Trading Joint Stock Company 100.00%
|
|
(8)
|
Relationship with the Listed Company
|
Capital
|
MVHOM is a
wholly owned subsidiary of MV2, which is 41.13% owned by MC through
its subsidiaries MCUDV and MCOP.
|
|
Personnel
|
one MC
employee currently serves as director at MVH.
|
|
Business
|
MC
currently has no business relationship with MVH.
|
|
(9)
|
Recent Performance
|
|
from Oct
2021
to
Dec 2022
|
from Jan
2023
to
Mar 2023
|
|
(million
VND)
Net
assets
Total
assets
Revenue
Operating
profit
Ordinary
profit
Net profit
after tax
Net profit
attributable to MC
|
9,503,683
9,504,004
0.1
▲267
▲267
▲267
▲110
|
-
9,503,511
9,504,027
0.02
▲172
▲172
▲172
▲71
|
|
|
|
|
|
| |
(5) SV
|
(1)
|
Company Name
|
SV Real Estate Investment Development
Business Joint Stock Company
|
|
(2)
|
Address
|
Tang 2 Khu Almaz Market Duong Hoa Lan
Khu Do Thi Sinh Thai Vinhomes Riverside, Phurong Phuc Loi, Quan
Long Bien, Thanh Pho Hanoi, Vietnam
|
|
(3)
|
Representative
|
Kazuki SHIONOYA
|
|
(4)
|
Operations
|
Joint Stock Company for Real Estate
Business in Vietnam
|
|
(5)
|
Capital
|
10,573,702,020,000 VND
|
|
(6)
|
Date of Establishment
|
October 31, 2019
|
|
(7)
|
Main Shareholders and Investment
Ratio
|
MV Holding One Member Liability
Limited Company 99.79%
|
|
(8)
|
Relationship with the Listed
Company
|
Capital
|
SV is a
99.79% owned subsidiary of MVH which is a wholly owned subsidiary
of MV2, of which MC is 41.13% owner through its subsidiaries MCUDV
and MCOP.
|
|
Personnel
|
Four MC employees currently serve as
directors at SV.
|
|
Business
|
MC currently has no business
relationship with SV.
|
|
(9)
|
Recent Performance
|
|
from Jan
to Dec 2021
|
from Jan
to Dec 2022
|
from Jan
to Mar 2023
|
|
(million
VND)
Net
assets
Total
assets
Revenue
Operating
profit
Ordinary
profit
Net profit
after tax
Net profit
attributable to MC
(one
VND)
Net assets
per share
Net profit
per share
Dividend
per share
|
9,237,250
12,857,715
0
▲40,057
▲40,057
▲50,570
-
9,699
▲53
No
dividend
|
9,226,788
9,823,920
56,903
56,185
▲16,279
▲10,463
▲4,290
9,688
▲11
No
dividend
|
9,280,587
9,896,594
3
▲304
▲19,825
53,799
22,060
9,744
56
No
dividend
|
|
|
|
|
|
|
| |
Profile of
Counterparty of the Transfer
(1) TAISEI
CORPORATION
|
(1)
|
Company
Name
|
TAISEI
CORPORATION
|
|
(2)
|
Address
|
1-25-1,
Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-0606
|
|
(3)
|
Representative
|
Yoshiro
AIKAWA
|
|
(4)
|
Operations
|
Construction, civil engineering, real estate development,
etc.
|
|
(5)
|
Capital
|
JPY122,742
million
|
|
(6)
|
Date of
Incorporation
|
December
28, 1917
|
|
(7)
|
Assets
|
As of March
31, 2023
Net assets
JPY833,942million
Total
assets JPY2,016,717million
|
|
(8)
|
Main
Shareholders and Investment Ratio
|
The Master
Trust Bank of Japan, Ltd. 15.61%、Custody Bank of Japan, Ltd.
4.98%、NORTHERN TRUST CO.
3.37%
|
|
(9)
|
Relationship with the Listed Company before the
transfer
|
Capital
|
There is no
capital relationship between the two companies.
|
|
Personnel
|
There is no
personnel relationship between the two companies.
|
|
Business
|
MC ordered
construction work to TAISEI CORPORARTION in FY2022.
|
(2) Hankyu
Hanshin Properties Corp.
|
(1)
|
Company
Name
|
Hankyu
Hanshin Properties Corp.
|
|
(2)
|
Address
|
Hankyu
Terminal Bldg., 1-1-4 Shibata, Kita-ku, Osaka
|
|
(3)
|
Representative
|
Ryuichi
MOROTOMI
|
|
(4)
|
Operations
|
Leasing of
offices and commercial facilities, real estate development, area
management, real estate funds, sales and leasing of condominium,
sales of detached houses and residential land, brokerage,
renovation, rental management, land utilization, etc.
|
|
(5)
|
Capital
|
JPY12,426million
|
|
(6)
|
Date of
Establishment
|
February
17, 1947
|
|
(7)
|
Assets
|
As of March
31, 2023
Net assets
JPY156,498million
Total
assets JPY617,391million
|
|
(8)
|
Main
Shareholders and Investment Ratio
|
Hankyu
Hanshin Holdings, Inc. 100%
|
|
(9)
|
Relationship with the Listed Company before the
transfer
|
Capital
|
There is no
capital relationship between the two companies.
|
|
Personnel
|
There is no
personnel relationship between the two companies.
|
|
Business
|
There is no
business relationship between the two companies.
|
(3) Tokyu
Land Asia Pte. Ltd.
|
(1)
|
Company
Name
|
Tokyu Land
Asia Pte. Ltd.
|
|
(2)
|
Address
|
One Raffles
Quay North Tower, Level 49, Singapore 048583
|
|
(3)
|
Representative
|
Hidetatsu
IKEDA
|
|
(4)
|
Operations
|
Investing
in condominiums, hotel complexes, and office development, etc. in
Asian nation.
|
|
(5)
|
Capital
|
USD82.0million
|
|
(6)
|
Date of
Incorporation
|
September
31, 2018
|
|
(7)
|
Assets
|
As of
December 31, 2022
Net
assets USD76.8million
Total
assets USD77.0million
|
|
(8)
|
Main
Shareholders and Investment Ratio
|
TOKYU LAND
CORPORATION 100%
|
|
(9)
|
Relationship with the Listed Company before the
transfer
|
Capital
|
There is no
capital relationship between the two companies.
|
|
Personnel
|
There is no
personnel relationship between the two companies.
|
|
Business
|
There is no
business relationship between the two companies.
|
Outlook
These
status changes are not expected to have any impact on MC's business
performance.
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